Elliptic Labs: New share capital registered

10 Mar 2026 09:45 CET

Oslo, Norway --- Reference is made to the stock exchange announcement by
Elliptic Laboratories ASA ("Elliptic Labs" or the "Company") on 5 March 2026
regarding the successfully placed private placement (the "Private Placement")
of new shares (the "Offer Shares") raising gross proceeds to the Company of
approx. NOK 60 million, through the allocation of 10,527,500 Offer Shares in a
first tranche ("Tranche 1") issued by the Company's board of directors
pursuant to an authorisation granted by the Company's annual general meeting
held on 21 May 2025, and conditional allocation of 10,522,500 Offer Shares in
a second tranche, subject to the approval by the Company's extraordinary
general meeting, each at a subscription price of NOK 2.85 per Offer Share.

The share capital increase pertaining to the Offer Shares in Tranche 1 has now
been registered with the Norwegian Register of Business Enterprises.

Following registration of the share capital increase pertaining to the Offer
Shares in Tranche 1 of the Private Placement with the Norwegian Register of
Business Enterprises, the Company has a share capital of NOK 1,158,142.65
divided into 115,814,265 shares, each with a nominal value of NOK 0.01.

For more information, please contact:
CEO Ola Tviberg Sandstad, ola.sandstad@ellipticlabs.com
CFO Mathias Norderud, mathias.norderud@ellipticlabs.com

About Elliptic Labs
Elliptic Labs is a global Edge AI company delivering trusted, low-power
on-device sensing at scale. Our AI Virtual Smart Sensor PlatformTM enables
intelligent, always-on contextual awareness directly on devices --- without
the need for additional hardware or continuous cloud processing.

Deployed in over 500 million devices worldwide, our platform powers
software-defined sensing across a broad range of consumer and enterprise
products. By executing compact neural networks directly on-device, our
technology delivers adaptive, real-time sensing that preserves user privacy
while minimizing power consumption.

For more than a decade, Elliptic Labs has specialized in efficient neural
network execution using proprietary runtimes and custom-built sensing models
optimized for real-world environments. Built on balanced, self-collected
datasets and engineered to operate across diverse hardware architectures, our
AI Virtual Smart Sensors enable seamless integration across product
generations and device categories.

Our solutions enhance security, personalization, productivity, and user
experience --- forming a scalable foundation for the next generation of
AI-enabled devices.
Headquartered in Norway, with a presence in the USA, China, South Korea,
Taiwan, and Japan, Elliptic Labs is listed on the Oslo Stock Exchange. All
technology and intellectual property are developed in Norway and are solely
owned by the company, ensuring independence and long-term innovation.

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

667884_Elliptic Labs- New share capital registered.pdf